The China Mail - UN climate summit to run overtime as fury mounts on fossil fuels

USD -
AED 3.672502
AFN 68.590587
ALL 83.350237
AMD 381.498727
ANG 1.789783
AOA 917.000173
ARS 1300.50564
AUD 1.553875
AWG 1.80025
AZN 1.739919
BAM 1.677085
BBD 2.011508
BDT 121.343863
BGN 1.67853
BHD 0.376978
BIF 2978.845643
BMD 1
BND 1.28401
BOB 6.901105
BRL 5.475499
BSD 0.998722
BTN 86.903506
BWP 13.427486
BYN 3.356829
BYR 19600
BZD 2.003619
CAD 1.387475
CDF 2872.999818
CHF 0.804445
CLF 0.024631
CLP 966.270226
CNY 7.176197
CNH 7.18235
COP 4026.7
CRC 504.7205
CUC 1
CUP 26.5
CVE 94.551488
CZK 21.0223
DJF 177.844091
DKK 6.40782
DOP 62.125019
DZD 129.906313
EGP 48.585498
ERN 15
ETB 141.800056
EUR 0.85848
FJD 2.27125
FKP 0.741171
GBP 0.742925
GEL 2.694988
GGP 0.741171
GHS 10.935611
GIP 0.741171
GMD 72.000014
GNF 8658.071763
GTQ 7.654842
GYD 208.945369
HKD 7.812425
HNL 26.16812
HRK 6.466979
HTG 130.681964
HUF 338.7655
IDR 16283
ILS 3.40751
IMP 0.741171
INR 87.01865
IQD 1308.105883
IRR 42050.000091
ISK 123.110087
JEP 0.741171
JMD 160.008232
JOD 0.709013
JPY 147.442503
KES 129.040417
KGS 87.4423
KHR 4002.778278
KMF 422.488836
KPW 899.981998
KRW 1397.480353
KWD 0.30563
KYD 0.83224
KZT 537.77492
LAK 21614.999715
LBP 89871.033022
LKR 301.237363
LRD 200.241813
LSL 17.669487
LTL 2.95274
LVL 0.60489
LYD 5.41507
MAD 9.019667
MDL 16.793147
MGA 4403.227604
MKD 52.81045
MMK 2098.706911
MNT 3601.092413
MOP 8.039342
MRU 39.389808
MUR 45.939649
MVR 15.399126
MWK 1731.793276
MXN 18.775655
MYR 4.22501
MZN 63.909753
NAD 17.670324
NGN 1537.160041
NIO 36.752159
NOK 10.240105
NPR 139.045953
NZD 1.716208
OMR 0.384505
PAB 0.998722
PEN 3.509862
PGK 4.143503
PHP 57.107001
PKR 283.387527
PLN 3.647315
PYG 7216.662808
QAR 3.630883
RON 4.339897
RSD 100.603975
RUB 80.497268
RWF 1445.647793
SAR 3.752918
SBD 8.220372
SCR 14.630211
SDG 600.4975
SEK 9.589995
SGD 1.285485
SHP 0.785843
SLE 23.360893
SLL 20969.49797
SOS 570.747477
SRD 37.819009
STD 20697.981008
STN 21.008493
SVC 8.738713
SYP 13001.883701
SZL 17.669949
THB 32.57006
TJS 9.328068
TMT 3.5
TND 2.878989
TOP 2.342104
TRY 40.933899
TTD 6.775563
TWD 30.2958
TZS 2508.385041
UAH 41.318224
UGX 3560.311785
UYU 40.11336
UZS 12499.99957
VES 137.956897
VND 26390
VUV 119.442673
WST 2.685572
XAF 562.47867
XAG 0.026389
XAU 0.000299
XCD 2.70255
XCG 1.799964
XDR 0.699543
XOF 561.999806
XPF 102.750015
YER 240.195756
ZAR 17.68641
ZMK 9001.198951
ZMW 23.31524
ZWL 321.999592
  • RBGPF

    -2.6500

    73.27

    -3.62%

  • JRI

    0.0500

    13.33

    +0.38%

  • RYCEF

    -0.5500

    13.75

    -4%

  • SCS

    -0.0600

    16.18

    -0.37%

  • BCE

    0.1600

    25.74

    +0.62%

  • CMSD

    0.1000

    23.69

    +0.42%

  • BCC

    -3.5600

    84.5

    -4.21%

  • NGG

    1.1000

    72.08

    +1.53%

  • CMSC

    0.0500

    23.44

    +0.21%

  • RIO

    0.0300

    60.62

    +0.05%

  • RELX

    0.9000

    48.69

    +1.85%

  • VOD

    0.1830

    11.9

    +1.54%

  • GSK

    0.4500

    40.07

    +1.12%

  • AZN

    0.9800

    80.52

    +1.22%

  • BP

    0.0600

    33.88

    +0.18%

  • BTI

    1.5400

    59.01

    +2.61%

UN climate summit to run overtime as fury mounts on fossil fuels
UN climate summit to run overtime as fury mounts on fossil fuels / Photo: © AFP

UN climate summit to run overtime as fury mounts on fossil fuels

UN climate talks in Dubai were set Tuesday to run past a host-imposed deadline for a deal as at-risk nations voiced fury over a proposed compromise that stops short of phasing out fossil fuels.

Text size:

The Emirati president of the COP28 summit has repeatedly pressed the nearly 200 nations to reach an ambitious deal by the official end of talks at 11 am (0700 GMT), in an effort to force decisions.

But after another late night of haggling, there was no sign that the talks were anywhere near completion, with negotiators waiting for a fresh text after wide criticism of a draft released Monday.

"We have time and we are prepared to stay a little longer," German Foreign Minister Annalena Baerbock said.

The team from the Marshall Islands -- which lies on average 2.1 metres (seven feet) above sea level and is threatened with submersion as ice melts -- vowed to stay until the end.

The Pacific archipelago's negotiator, John Silk, said that his country "did not come here to sign our death warrant".

Campaigners had hoped the COP28 summit -- set in a glitzy metropolis built on petrodollars -- would take the historic step of calling for the first time for a global phase-out of fossil fuels, which account for three-quarters of greenhouse gas emissions blamed for the planetary crisis.

But climate decisions must be made by consensus and Saudi Arabia, the world's largest oil exporter, has led opposition to the threat to its financial lifeblood.

The draft put forward by COP28 president Sultan Al Jaber -- himself head of the UAE's national oil company -- only lists a series of options including reductions in fossil fuel production and consumption.

- 'Broken beyond repair' -

Clive Hamilton, a professor at Australia's Charles Sturt University and veteran watcher of climate negotiations, said the "extraordinarily weak draft" showed the influence of the fossil fuel lobby, which showed up at COP28 in record numbers.

"If anything like the current text is adopted, it will show the COP process to be broken beyond repair," he said.

Scientists say the planet has already warmed by 1.2 degrees Celsius (2.2 Fahrenheit) from pre-industrial times and that 2023 -- marked by lethal disasters including wildfires across the world -- has likely been the warmest in 100,000 years.

The 2015 Paris summit endorsed an ambition of checking warming at 1.5 Celsius -- a goal endorsed in the latest draft, but which critics say is virtually impossible without serious efforts to curb oil, gas and coal.

"I don't think anybody here wants to be associated with the failure to live up to this responsibility. Not a lot of people in public life are asked to make life and death choices historically," said US climate envoy John Kerry, who helped negotiate the Paris accord.

"This is a war for survival," he said in a closed-door session which ended at around 2:30 am.

Kerry has supported calls to phase out fossil fuels, even though the United States remains the world's largest oil producer and much of the rival Republican Party adamantly opposes action on climate.

- Revisions expected -

Former US vice president Al Gore, who won the Nobel Peace Prize for his climate advocacy, said that the "obsequious" draft looked as if it had been written by the OPEC oil cartel.

"In order to prevent COP28 from being the most embarrassing and dismal failure in 28 years of international climate negotiations, the final text must include clear language on phasing out fossil fuels," Gore wrote on X, formerly known as Twitter.

Jaber acknowledged Monday there was work to do, and a person familiar with the COP28 presidency's thinking called Monday's text "an opening gambit" that could be built upon.

 

"This is not a menu in a restaurant. We have to do all of these things," Canada's Steven Guilbeault, part of a group of ministers tasked by Jaber to shepherd negotiations, told AFP.

The latest draft deal also includes calls to accelerate zero- and low-emission technologies -- including renewables and nuclear power -- in language similar to a joint statement reached last month by the United States and China, the world's two biggest emitters.

E.Lau--ThChM